There’s a lot of debate on what might be done outside the energy market to relieve consumer bills. We don’t have much to add there, but we have been thinking and chatting around the place about whether temporary fixes could be made to the wholesale market design that would result in lower prices for consumers (and thus less pressure for external political intervention)
On 18 July, the government opened its consultation on the Review of Electricity Market Arrangements (REMA) in which it aims to identify reforms needed to ensure electricity market design is fit for the purpose of maintaining energy security and affordability for consumers as the electricity sector decarbonises.
With power prices expected to remain high for the foreseeable future and increasing challenges to our energy supply, the energy trilemma – the need to deliver net zero while preserving our security of supply in a way affordable to consumers – is taking centre stage once again.
The Review of Electricity Markets Arrangement (REMA) is a part of the government’s strategy to ensure a more flexible, efficient system for both generators and… Read More »What is REMA and why must investor momentum be protected?